Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
The tax authority extended the specified date for furnishing audit reports under the Income-tax Act for the previous year 2024-25 (assessment year 2025-26) from 30 September 2025 to 31 October 2025 following representations from taxpayers and practitioners citing disruptions from floods and related hardships and pending court submissions; it noted the e-filing portal has been functioning and many tax audit reports and returns have already been uploaded, and a formal notification implementing the extension will be issued separately.
The tax authority extended the specified date for furnishing audit reports under the Income-tax Act for the previous year 2024-25 (assessment year 2025-26) from 30 September 2025 to 31 October 2025 following representations from taxpayers and practitioners citing disruptions from floods and related hardships and pending court submissions; it noted the e-filing portal has been functioning and many tax audit reports and returns have already been uploaded, and a formal notification implementing the extension will be issued separately.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
